Tooley Interests LLC Acquires Retail Property In Carlsbad For $23.5M
1065 Carlsbad Village Drive, Carlsbad, California 92008, United States
$23,500,000
$400/SF
Building Size
58,735 SF
Asset Type
Retail
Closing
Dec 13, 2021
AI
The retail property located at 945-1065 Carlsbad Village Drive in Carlsbad has been sold for a price of $23,500,000. The property spans a total area of 58,735 square feet, resulting in a price per square foot of $400. The transaction took place on December 13, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $23,500,000
- Address: 945-1065 Carlsbad Village Drive, Carlsbad
- Market: Carlsbad
The buyer of the property is Tooley Interests LLC, while the seller is Balboa Retail Partners. The deal was facilitated by brokers Pete Bethea, Rob Ippolito, and Glenn Rudy from Newmark.
Players
Carlsbad Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93